Technology Income Before Tax vs Gross Profit Analysis

TETEW Stock  USD 0.01  0.01  44.53%   
Technology Telecommunicatio financial indicator trend analysis is much more than just breaking down Technology Telecommunicatio prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Technology Telecommunicatio is a good investment. Please check the relationship between Technology Telecommunicatio Income Before Tax and its Gross Profit accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Technology Telecommunication Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Technology Telecommunicatio Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Technology Telecommunicatio's Income Before Tax and Gross Profit is -0.33. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of Technology Telecommunication Acquisition, assuming nothing else is changed. The correlation between historical values of Technology Telecommunicatio's Income Before Tax and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of Technology Telecommunication Acquisition are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., Technology Telecommunicatio's Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

-0.33
Relationship DirectionNegative 
Relationship StrengthInsignificant

Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on Technology Telecommunicatio income statement and is an important metric when analyzing Technology Telecommunicatio profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Technology Telecommunication Acquisition minus its cost of goods sold. It is profit before Technology Telecommunicatio operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
Most indicators from Technology Telecommunicatio's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Technology Telecommunicatio current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Technology Telecommunication Acquisition. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income.
At this time, Technology Telecommunicatio's Enterprise Value Over EBITDA is fairly stable compared to the past year. Enterprise Value Multiple is likely to climb to 953.49 in 2024, whereas Selling General Administrative is likely to drop slightly above 400.8 K in 2024.
 2021 2022 2023 2024 (projected)
Other Operating Expenses501.0K1.8M2.1M2.2M
Depreciation And Amortization2.7M2.0M2.3M1.7M

Technology Telecommunicatio fundamental ratios Correlations

0.810.820.411.0-0.860.25-0.680.461.01.00.84-0.160.82-0.84-0.840.661.00.810.621.0-0.320.811.0-0.41-0.38
0.810.940.750.76-0.970.64-0.930.780.810.810.96-0.660.99-0.96-0.960.970.781.00.160.81-0.731.00.81-0.77-0.44
0.820.940.860.78-0.980.76-0.970.880.820.821.0-0.690.97-1.0-1.00.930.790.940.060.82-0.80.940.82-0.86-0.68
0.410.750.860.36-0.790.99-0.931.00.410.410.83-0.940.8-0.83-0.830.870.380.75-0.460.41-0.980.750.41-1.0-0.79
1.00.760.780.36-0.820.2-0.630.41.01.00.81-0.10.78-0.8-0.810.61.00.760.661.0-0.260.761.0-0.35-0.36
-0.86-0.97-0.98-0.79-0.82-0.680.96-0.82-0.86-0.86-1.00.64-0.991.01.0-0.94-0.83-0.97-0.16-0.860.75-0.97-0.860.80.55
0.250.640.760.990.2-0.68-0.860.980.250.260.72-0.960.69-0.72-0.720.80.220.64-0.60.26-0.980.640.26-0.98-0.78
-0.68-0.93-0.97-0.93-0.630.96-0.86-0.94-0.68-0.68-0.970.83-0.950.970.97-0.97-0.65-0.930.13-0.680.91-0.93-0.680.940.65
0.460.780.881.00.4-0.820.98-0.940.460.460.85-0.920.82-0.85-0.850.890.420.78-0.420.46-0.980.780.46-1.0-0.79
1.00.810.820.411.0-0.860.25-0.680.461.00.84-0.160.82-0.84-0.840.661.00.810.611.0-0.320.811.0-0.41-0.38
1.00.810.820.411.0-0.860.26-0.680.461.00.84-0.160.82-0.84-0.840.661.00.810.611.0-0.320.811.0-0.41-0.38
0.840.961.00.830.81-1.00.72-0.970.850.840.84-0.660.98-1.0-1.00.940.820.960.110.84-0.780.960.84-0.83-0.61
-0.16-0.66-0.69-0.94-0.10.64-0.960.83-0.92-0.16-0.16-0.66-0.680.670.66-0.83-0.12-0.660.63-0.160.97-0.66-0.160.950.6
0.820.990.970.80.78-0.990.69-0.950.820.820.820.98-0.68-0.98-0.980.970.790.990.130.82-0.760.990.82-0.81-0.52
-0.84-0.96-1.0-0.83-0.81.0-0.720.97-0.85-0.84-0.84-1.00.67-0.981.0-0.94-0.82-0.96-0.11-0.840.78-0.96-0.840.830.62
-0.84-0.96-1.0-0.83-0.811.0-0.720.97-0.85-0.84-0.84-1.00.66-0.981.0-0.94-0.82-0.96-0.11-0.840.78-0.96-0.840.830.61
0.660.970.930.870.6-0.940.8-0.970.890.660.660.94-0.830.97-0.94-0.940.620.97-0.090.66-0.860.970.66-0.89-0.52
1.00.780.790.381.0-0.830.22-0.650.421.01.00.82-0.120.79-0.82-0.820.620.780.641.0-0.280.781.0-0.37-0.37
0.811.00.940.750.76-0.970.64-0.930.780.810.810.96-0.660.99-0.96-0.960.970.780.160.81-0.731.00.81-0.77-0.44
0.620.160.06-0.460.66-0.16-0.60.13-0.420.610.610.110.630.13-0.11-0.11-0.090.640.160.610.530.160.610.460.34
1.00.810.820.411.0-0.860.26-0.680.461.01.00.84-0.160.82-0.84-0.840.661.00.810.61-0.320.811.0-0.41-0.38
-0.32-0.73-0.8-0.98-0.260.75-0.980.91-0.98-0.32-0.32-0.780.97-0.760.780.78-0.86-0.28-0.730.53-0.32-0.73-0.320.990.69
0.811.00.940.750.76-0.970.64-0.930.780.810.810.96-0.660.99-0.96-0.960.970.781.00.160.81-0.730.81-0.77-0.44
1.00.810.820.411.0-0.860.26-0.680.461.01.00.84-0.160.82-0.84-0.840.661.00.810.611.0-0.320.81-0.41-0.38
-0.41-0.77-0.86-1.0-0.350.8-0.980.94-1.0-0.41-0.41-0.830.95-0.810.830.83-0.89-0.37-0.770.46-0.410.99-0.77-0.410.74
-0.38-0.44-0.68-0.79-0.360.55-0.780.65-0.79-0.38-0.38-0.610.6-0.520.620.61-0.52-0.37-0.440.34-0.380.69-0.44-0.380.74
Click cells to compare fundamentals

Technology Telecommunicatio Account Relationship Matchups

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

Additional Tools for Technology Stock Analysis

When running Technology Telecommunicatio's price analysis, check to measure Technology Telecommunicatio's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Technology Telecommunicatio is operating at the current time. Most of Technology Telecommunicatio's value examination focuses on studying past and present price action to predict the probability of Technology Telecommunicatio's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Technology Telecommunicatio's price. Additionally, you may evaluate how the addition of Technology Telecommunicatio to your portfolios can decrease your overall portfolio volatility.